Reference no: EM13824557

Problem-

You took your work home one evening, and your brother spilled his coffee on the variance report you were preparing. Fortunately, you were able to reconstruct the obliterated information from the remaining data. Fill in the missing numbers below:(Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "N" for no effect (i.e., zero variance. Do not round your intermediate calculations. Omit the "tiny_mce_markerquot; sign in your response.)

Actual variable overhead rate per machine hour $_____

Actual machine hours per unit of output _____

Actual fixed overhead _____

Actual production in units _____

Standard variable overhead rate per machine hour $8.00

Standard machine hours per unit of output 4 hours

Budgeted fixed overhead $25000

Budgeted production in units 12500

Variable overhead spending variance $36000 U

Variable overhead efficiency variance $96000 F

Fixed overhead budget variance $75000 U

Fixed overhead volume variance _____

Total actual overhead $356000

Total budgeted overhead (flexible budget) ______

Total budgeted overhead (static budget) ______

Total applied overhead $408000

Additional information-

The problem belongs to Accounting and it discuss about calculation of variable overhead rate per machine hour, machine hours per unit of output, actual fixed overhead, production in units, fixed overhead volume variance, etc.